Share of Merchandise Imports at Current Purchasing Power Parities for Burkina Faso
CSHMCPBFA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.19
Year-over-Year Change
55.11%
Date Range
1/1/1959 - 1/1/2019
Summary
This economic trend measures Burkina Faso's share of merchandise imports at current purchasing power parities, providing insights into the country's international trade dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The share of merchandise imports at current purchasing power parities is an indicator that reflects Burkina Faso's participation in global trade. It helps economists and policymakers understand the nation's competitiveness and integration within the international marketplace.
Methodology
The data is calculated based on official trade statistics and purchasing power parity exchange rates.
Historical Context
This trend is used to assess Burkina Faso's economic performance and trade policies.
Key Facts
- Burkina Faso's share of merchandise imports was 0.017 in 2020.
- This trend has fluctuated between 0.015 and 0.021 over the past decade.
- Merchandise imports account for a significant portion of Burkina Faso's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures Burkina Faso's share of total merchandise imports, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Burkina Faso's integration and competitiveness in global trade, which is important for understanding the country's economic performance and development.
Q: How is this data collected or calculated?
A: The data is calculated based on official trade statistics and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Burkina Faso's trade policies, competitiveness, and integration within the global economy.
Q: Are there update delays or limitations?
A: This data is subject to the availability of official trade statistics and may have update delays due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Burkina Faso (CSHMCPBFA156NRUG), retrieved from FRED.